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Erm, EDF. I'm in favour of nuclear, but EDF/Hinckley Point are how not to do it (I think the only residential consumers they have left have failed to do any sor
by zh3 4y ago
Erm, EDF. I'm in favour of nuclear, but EDF/Hinckley Point are how not to do it (I think the only residential consumers they have left have failed to do any sort of shopping around/don't care about the cost - very possibly different for business/vested interests).
- pjerem 4y agoThat’s not the whole story. EDF is a very competent company which have everything needed to provide cheap electricity to the whole country while making money. The point is (and I think it’s a scandal) that EDF is forced, by law, to resell its nuclear electricity to its competitors at an under the market price. EDF is also required to offer an electricity plan with a law fixed price. Which is a good thing because historically, it allowed end users not to suffer from market price fluctuations. Now what is happening is that all those fake competitors that did resell EDF electricity cheaper than EDF offerings, took their margin for more than a decade and are now asking their customer to unsubscribe and to go back to the EDF fixed-by-law offer.
- zh3 4y agoEh, EDF charges more money directly than other suppliers (as a direct residential consumer, it was only a couple of years back I discovered how much more expensive they are). Plus as for making money, they are heavilty debt-laden and need the Frech government to bail them out[0]. * [0] https://www.theguardian.com/business/2022/jul/19/france-to-pay-nearly-10bn-to-fully-nationalise-edf https://www.theguardian.com/business/2022/jul/19/france-to-p...